Novacoin (NVC) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has increased 60.51% to $0.01626659162.
Highly VolatileInvestorsObserver gives Novacoin a high volatility rank of 79, placing it in the top 21% of cryptos on the market.
The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. NVC's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.
Novacoin price is trading above resistance. With support set at $0.00792969056702737 and resistance near $0.0140472216654528. This positions Novacoin out of range and potentially in a volatile position if the rally burns out.